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A comment on China sees new world order with oil benchmark backed by gold. Parent comment
There is a non-trivial amount of oil traded in the euro, and also see [1], [2]
[1] https://en.wikipedia.org/wiki/Iranian_oil_bourse
[2] http://www.nytimes.com/2008/02/25/business/worldbusiness/25i...
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There is a non-trivial amount of oil traded in the euro, and also see [1], [2]
[1] https://en.wikipedia.org/wiki/Iranian_oil_bourse
[2] http://www.nytimes.com/2008/02/25/business/worldbusiness/25i...